Hsbc Holdings PLC Acquires Shares of 120,247 Koninklijke Philips (NYSE:PHG)

Hsbc Holdings PLC purchased a new stake in shares of Koninklijke Philips (NYSE:PHG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 120,247 shares of the technology company's stock, valued at approximately $3,039,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Koninklijke Philips by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,290,051 shares of the technology company's stock valued at $108,624,000 after buying an additional 85,994 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Koninklijke Philips by 87.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,222,192 shares of the technology company's stock valued at $56,266,000 after acquiring an additional 1,038,321 shares during the last quarter. Causeway Capital Management LLC raised its stake in shares of Koninklijke Philips by 24.0% in the 4th quarter. Causeway Capital Management LLC now owns 1,566,850 shares of the technology company's stock valued at $39,673,000 after acquiring an additional 303,428 shares in the last quarter. Brandes Investment Partners LP boosted its position in Koninklijke Philips by 4.9% during the fourth quarter. Brandes Investment Partners LP now owns 918,635 shares of the technology company's stock worth $23,260,000 after purchasing an additional 43,157 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Koninklijke Philips by 3.7% during the fourth quarter. Natixis Advisors LLC now owns 741,277 shares of the technology company's stock valued at $18,769,000 after purchasing an additional 26,227 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Price Performance

NYSE:PHG traded up $0.64 during mid-day trading on Friday, reaching $25.62. 1,498,900 shares of the company were exchanged, compared to its average volume of 819,397. Koninklijke Philips has a 12 month low of $21.48 and a 12 month high of $32.91. The stock has a market cap of $24.08 billion, a PE ratio of -30.50, a PEG ratio of 0.82 and a beta of 0.81. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $25.07 and a 200 day moving average of $26.25.

Koninklijke Philips (NYSE:PHG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. On average, research analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be issued a $0.886 dividend. This represents a yield of 2.9%. The ex-dividend date is Tuesday, May 13th. Koninklijke Philips's dividend payout ratio is -89.29%.

Analyst Ratings Changes

Several research firms have recently issued reports on PHG. StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a report on Thursday, February 20th. Sanford C. Bernstein raised Koninklijke Philips from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, BNP Paribas raised Koninklijke Philips from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Koninklijke Philips presently has an average rating of "Buy".

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.